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The1GramMan

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Posts posted by The1GramMan

  1. 4 hours ago, MancunianStacker said:

    You could always sell the 1 grams for their higher premiums and then buy the bigger coins? Basically saving in gold rather than cash. As long as you get your original investment back you should be sitting pretty. Someone on here may want a few 1 gram bars, so you could offer x grams in exchange for a full sovereign (in your favour due to the higher premiums on 1 gram bars). 

    Thanks for the advice i will definitely consider that, gold will always be a great investment. I started off wanting the bars because i liked the way they look now i am being drawn to the coins because the designs on them are so satisfying to look at and admire.  

  2. 1 minute ago, Foster88 said:

    Don’t forget that the more gold you can buy in one go you’ll pay on average less for the gold content. 

    For example you’ll pay less in terms of gold for a full sovereign than you will for a half sovereign or even 1 gram.

    Just a tip but maybe some months save and buy as much as you can afford. But with the gold price the way it is maybe that’s not good advice anymore in these times. 🤷🏻‍♂️

    Back on track I think @dicker prediction might be right of £1,500 by Christmas if it rises and keeps correcting itself to a new ‘norm’. Time will tell, indeed. 

    I am going to change my focus from bars to coins and look to buy sovs and brits, you are 100% correct it is so much better to buy in quantities as you pay less per gram, the biggest problem with saving is the addiction and joy of waiting for a new coin or PM to arrive at your door.

    i think £1500 is reasonable for Christmas i dont see it dropping below that.

    If it does drop then perfect time to buy more so its not all bad if it falls below £1500, assuming it dont go to low that is. 

  3. 1 minute ago, DarkChameleon said:

    3 grams beats no grams...and yes. Its a nice night out on the profit from just a few weeks....when the value was faling kn metals there were people every dy moaning about th3 losses and why didnt they sell...i have been buying junk gold for a fewyears now, cheap in and only need abouta 5% swing to mame money if youhVe a good out on it, i have a 98% so its easy to trade away to buy yet more...cheap gold isnt badgold, its just fun money, treat it likeeverypenny youput in stays in you sell to buy more later, itsthe small profit perdeal out performs the long hold...gold is up 10% overits high in 11...imagine making 5% profit peryear for those 9 years...all grams here and grams there...and for the most part not adding moneyto it.

    Thank you for the advice, that is the plan build it up slowly i worked out if i got 4 grams of gold a month over a 20 year period it would be roughly worth about £70-£80,000 and that with prices now roughly, not a bad little gift for my son.

  4. Just now, DarkChameleon said:

    Everyone on here has saidthesame thing or at least thought it...ifyou had 10,000 ounces youd still think it..believe me.

    Exactly that buddy, hit the nail on the head but you have to start somewhere and im still 3 grams better of than i was a couple of weeks ago lol 

  5. My fascination was realised only recently, i had a company for 9 years that was giving me a very reasonable living and i was 4 months away from getting a mortgage when unfortunately I had to contact the insolvency services to close my company, I was renting at the time and had to leave due to not being able to afford staying there. Me, my wife and my son was made homeless and lived in a hotel for a week until we was moved into a hostel, most horrible place I have ever been and not very nice people living in there either. Never will I let my family be i a place like that again.

    We finally got a permanent place with the council after being moved about 3 times, unfortunately my credit was now utterly devastated I cannot get credit for anything I cannot get mortgage but i am working hard to repair. 

    The worst thing is knowing you can afford a mortgage but no one will give you one.

    Not being able to get A mortgage i wanted to put my efforts into a new source of investment. I was watching gold rush, watched every season on sky, now I am hooked and am hoping that along with my general savings that my venture into gold will help me along in the future to repairing the horrible couple of years i have had.

    I'm hoping gold and silver will help me along the way. 

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